Step 4: Blocking of Capital
Who : Commercial companies particularly PLC (Public Limited Company), Ltd (Limited Company), SJSC (Simplified Joint Stock Company)
Where : Bank
Requirement :
The submission shall be made within 8 days from the receipt of funds by the company.
A certificate blocking the amount of the released capital shall be issued by the bank
Supporting Documents : For PLC, SJSC: statutes, Negative Certificate, identity papers, subscription bulletins
For Ltd: All documentary evidence except the subscription.
For SJSC: Total blocking of the amount of the released capital.
For PLC and Ltd: Blocking of ¼ of the amount of the released capital.
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